Air France-KLM Is First Known Suitor for Stake in Portugal’s TAP

Air France-KLM is the first contender to announce that it has lodged an expression of interest in Portugal’s TAP SA, kicking off a multi-stage process that will see the winning...

By Albertina Torsoli, Henrique Almeida · Bloomberg Markets

Air France-KLM is the first contender to announce that it has lodged an expression of interest in Portugal’s TAP SA, kicking off a multi-stage process that will see the winning bidder own as much as a 44.9% stake in the state-owned carrier.